Markets & Economy

Mel Watt turns out to be astounding political turn for the better for mortgage credit

New head of Fannie, Freddie regulator is first thing Obama adminstration has gotten right on housing
Published on May 16, 2014

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by CareyBot

Ever since 2008 the Obama administration has gotten everything wrong on housing. Its primary focus was to keep people in houses they demonstrably could not afford, and then to waste time and priority pursuing reductions in loan principal.The appointment of Mel Watt as head of Fannie Mae and Freddie Mac's federal regulator is an astounding political turn for the better for mortgage credit ...

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